Tidal Investments LLC Has $2.73 Million Stake in Graco Inc. (NYSE:GGG)

Tidal Investments LLC cut its holdings in shares of Graco Inc. (NYSE:GGG - Free Report) by 31.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,341 shares of the industrial products company's stock after selling 15,094 shares during the period. Tidal Investments LLC's holdings in Graco were worth $2,726,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of GGG. Park Avenue Securities LLC bought a new stake in Graco during the 4th quarter worth approximately $254,000. HB Wealth Management LLC bought a new stake in Graco during the 4th quarter worth approximately $261,000. UMB Bank n.a. grew its position in Graco by 93.1% during the 4th quarter. UMB Bank n.a. now owns 956 shares of the industrial products company's stock worth $81,000 after acquiring an additional 461 shares during the last quarter. Ballentine Partners LLC boosted its position in Graco by 4.8% in the 4th quarter. Ballentine Partners LLC now owns 4,425 shares of the industrial products company's stock valued at $373,000 after buying an additional 203 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in Graco by 0.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 68,030 shares of the industrial products company's stock valued at $5,734,000 after buying an additional 300 shares during the last quarter. 93.88% of the stock is currently owned by institutional investors.

Graco Trading Up 0.9%

Shares of NYSE:GGG traded up $0.78 during midday trading on Tuesday, hitting $84.42. The company had a trading volume of 162,840 shares, compared to its average volume of 864,575. Graco Inc. has a 12 month low of $72.06 and a 12 month high of $92.86. The stock has a market cap of $14.11 billion, a price-to-earnings ratio of 29.93, a PEG ratio of 2.85 and a beta of 1.09. The firm has a fifty day simple moving average of $81.74 and a 200 day simple moving average of $84.59.

Graco (NYSE:GGG - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The industrial products company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.02. Graco had a return on equity of 19.38% and a net margin of 23.00%. The business had revenue of $528.28 million for the quarter, compared to analyst estimates of $526.98 million. During the same period last year, the company earned $0.65 EPS. The firm's revenue was up 7.3% on a year-over-year basis. Equities analysts forecast that Graco Inc. will post 3.06 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, DA Davidson set a $85.00 price objective on Graco in a research report on Friday, January 31st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $93.00.

Insider Buying and Selling

In other Graco news, insider David J. Thompson sold 3,588 shares of Graco stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $86.23, for a total transaction of $309,393.24. Following the transaction, the insider now directly owns 27,520 shares in the company, valued at approximately $2,373,049.60. The trade was a 11.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.19% of the stock is currently owned by company insiders.

Graco Profile

Graco Inc designs, manufactures, and markets systems and equipment used to move, measure, control, dispense, and spray fluid and powder materials worldwide. The Contractor segment offers sprayers to apply paint to walls and other structures; two-component proportioning systems that are used to spray polyurethane foam and polyurea coatings; and viscous coatings to roofs, as well as markings on roads, parking lots, athletic fields, and floors.